Deal Name: 2003-IQ5

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes LB-UBS Commercial Mortgage ...

Moody's Investors Service has downgraded three classes of Morgan Stanley Dean Witter Capital I Trust, 2001-TOP3, because of the weak performance of two large collateral loans. The transaction's collateral balance is $881.8 million, compared with $1 billion at issuance. In ...

Moody's Investors Service has upgraded four classes of Morgan Stanley Capital, 2003-IQ5, that are tied to a loan that was recently defeased, or replaced with a government security.The deal has a remaining balance of $733.80 million, down from $778.77 million ...

Moody's Investors Service has upgraded the $22.4 million Class-B of Morgan Stanley Capital I Inc., 2003-IQ5, to Aa1 from Aa2, because of improved subordination levels. The deal's collateral balance is $766.2 million, compared with $808.8 million at issuance.Only one collateral ...

September 18, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterThe $779 million Morgan Stanley Capital I Trust, 2003-IQ5, deal priced yesterday at or about expected levels.Four additional deals, totaling $5.2 billion, also hit the market this week ...